For the quarter ending December 31, 2017, PNB declared that its total income stood at Rs 15,257 crore and net profit at Rs 230 crore. So the detected fraud is 49 times its actual profit for the quarter ending December 31, 2017.

Fortis says that apart from paying Rs 65.98 lakh fine to stock exchanges for \"non-submission of un-audited financial results\", the reports emerging in the media had \"enhanced the scope of limited review audit by the statutory auditors\".

SBI saw its net bad loans ratio spiking to 5.61 per cent of advances, from 4.24 per cent during the year-ago period, and its gross dud assets ratio jumped from 7.23 per cent to 10.35 per cent during the quarter under review.

SBI saw its net bad loans ratio spiking to 5.61 per cent of advances, from 4.24 per cent during the year-ago period, and its gross dud assets ratio jumped from 7.23 per cent to 10.35 per cent during the quarter under review.

The duo quit as directors from the company's board on Thursday. The company issued a release saying the resignation is \"intended to free the organisation from any encumbrances that may be linked to the promoters in light of the recent HC judgement.\"

HDFC Bank, India's second largest bank by assets, is the latest to do so. It raised its benchmark marginal cost of funds based lending rate (MCLR) by 10 basis points on the same day that MPC announced its vote.

It took 29 days for the Sensex to climb up nearly 2,500 points last month, hitting a peak of close to 36284 on January 29. But it took just eight days to lose this hard-won ground, eroding investors' wealth by over Rs 6 lakh crore along the way.

The bank's bad loan provisions for the quarter jumped to Rs 2,521 crore form Rs 1,582 crore a year ago as its gross non-performing assets rose to 13.03 per cent from 11.70 per cent, and net NPAs inched up to 6.96 per cent from 6.95.

Commenting on the results, Sundaram BNP Paribas Home Finance, Managing Director, Srinivas Acharya said the rise in loan disbursements during the third quarter was an \"indication of good traction seen in recent months\".

A day earlier, the company had informed the bourses that a re-inspection carried out by the German regulator at the company's formulations making plant at Bachupally, Hyderabad, had led to the EU GMP non-compliance getting withdrawn by the government of Bavaria and this means the plant could restart dispatching its approved products to the European Union.

Just 16 months after its launch in September 2016, Reliance Jio has catapulted the telecom industry in India by turning profitable with a net margin of Rs 504 crore in its quarterly results ending December.